Originally posted by titorite
You can make the phone calls stop by harassing those that call you. I myself have been in the situation where folks would call me all day asking for money I did not have.... Finally I treated their phone calls like 1-900 adult lines. I asked them about what they liked and what not... They stopped calling. They got uppity at first and made sexual harassment accusations at me but then I reminded them that They called me.
The phone calls stopped in the same week I started this initiative.
Food for thought. It won't take care of the bills but it will get those calls to stop.
Originally posted by poedxsoldiervet
This may not be in the right area so move it as you see fit.....
My wife lost her job almost a year ago; durning that time are bills still had to be paid and our lovely savings account has now dwindle from 20,000 to 900, While she has found another job its an 8.00 job and she hardly gets hours...
In the light of this I started to make phone calls to our debtors, asking them to lower the interst rates and explaining our situation. THere answer was no. Mind you I did not ask for a princepal reduction just interest rates. My one credit card hiked its rates from 10% to 27.99%; We own a timeshare ( I know dumb thing to buy but we bought it 5 years ago) The interst rate on that is now 16%; Our two student loans equal 360 a minth and no reduction there. So when Obama came out with the making home affordable program I thought great now I can get some of this interest knocked off my 1020 Sq foot cape cod... No not this time twice denied...
I began recalling every debtor (after I cut out cable, cell phones, out to eat, vactions, zoo trips, family outings, were down to bare nessecities) and asked them to please cut the interset or at least freeze it for me. The said no... Bank of America told me I diddnt not qualify even though my 90,000 house now is worth 72,000. No one would help me I called Federal agencies seeking intervention to help cut the interst rates (not the princepal) they said no... Even my congressmen told me no...
FINALLY I had enough and called them one more time and told them help or else, HSBC Laughed at me and Bank of America hung up three times. I told each Debtor this, From this day forward I will not pay you any money, Not for the time share, not for my one credit card, not for my school loans, not for my second mortage( which I got only because I couldnt get this house with out one.) Not the car, not anything.(cept my main Mortage.) I closed out all of my bank accounts and opted for a papercheck at work, I have one account and that is at a credit union. this has been two months and now my phone is ringing off the hook with threats about legal action. But yet not one of them has address my intial grievances HELP ME HELP YOU.
They call my house at all hours of the night now-) Letters from lawyers-) I will not pay one more cent to this assholes, I diddnt ask for princepal reduction I ask for an interst rate deduction.... I am finally fighting back and sticking it to the Man....
I have money now but there not getting it, and every transcation is done in cash no more credit loans.FIGHT THE POWER OR COLLASPE IT I am working to do both.
Replaced 'All Caps' in title
[edit on 1/10/09 by masqua]
Originally posted by SaturnFX
alot of companys now run credit checks on you before hiring you...there is of course a conspiracy there also.
so, might not take bad credit too lightly if you want a decent job overall.
Sometimes # happens and you gotta just deal with having bad credit...but if your simply not paying out of spite or whatever, well, then your a bit of a loser (not the ops...just a general statement)...if you buy something then have the ability to pay for it but refuse to..then that makes you a thief, not a rebel...just a thief.
Debt Problems: How to Get a Debt Collector or Creditor to Stop Calling You at Home and Work
Do you jump every time the phone rings? Have you been embarassed at work because a debt collector keeps phoning you? If so, then there is a simple way to get debt collectors and creditors to stop calling you.
Congress enacted federal legislation that regulates debt collectors and collection attorneys and protects the rights of debtors. This law, The Fair Debt Collection Practices Act, requires that debt collectors and attorneys stop phoning you at home and at work once you ask them to stop. The law specifies that your request must be in writing, therefore, you should tell them to stop calling you at home and at work the next time they call, but then follow it up with a certified letter, return receipt requested. (Our debt kit includes a sample letter on this subject and 20 other sample letters.)
Sample telephone script:
Collector: Is this Jane Doe?
Collector: Hello, Mrs. Doe. I'm Charlie with Acme Collections calling again about your delinquent credit card account with XYZ Bank. Could I get a payment of $250 by check over the phone from you today?
You: No, I don't have the money. As I told you before, I am currently unemployed and simply can't pay right now.
Collector: Well, Mrs. Doe, this account is seriously delinquent and we will continue our collection efforts.
You: I understand, but I simply cannot pay right now. It is a waste of your time and mine to keep calling me when I can't pay. I am requesting that you not contact me by phone in the future. I do not want to receive any more calls from you at home or at work and am asking you to communicate with me only in writing.
Collector: Okay, Mrs. Doe, I'll put your request in our files.
You: Thank you. Goodbye.
If the debt collector refuses to comply with your do not call request you will have to quote the actual law:
Collector: No, Mrs. Doe. We will continue to call you until you pay this debt!
You: The Fair Debt Collection Practices Act requires that you stop phoning me at home and at work once I request that you do so. I intend to send you a certified letter tomorrow putting my no contact request in writing. If you continue to phone me, then I will file a complaint with the FTC and the attorney general."
If the original creditor refuses to comply with your do not call request:
The Fair Debt Collection Practices Act does not apply to original creditors, like a credit card company; it only applies to debt collection agencies and attorneys collecting debt. Therefore, do not quote the FDCPA to get original creditors to stop calling. Instead, quote state law which governs original creditors but usually has similar provisions to the federal legislation. Sample script:
You: It is my understanding that [Texas, Michigan, California] law requires that you stop phoning me at home and at work when I request that you do so, is that correct?
Creditor: Yes, but we will continue our collection efforts.
You: I understand that, but Texas law says that you must stop phoning me at home and at work once I ask you to. I am officially requesting that you not phone me at home or at work. If you need to communicate with me, then do it in writing. I will send you a certified letter this week officially asking you to stop contacting me by phone.
Creditor: Alright Mrs. Doe. As you request, we will not phone you in the future.
Note: Collectors do have the right to call you after you request them to stop phoning you if the status of your account changes. They can call you to tell you they are (1) giving up collection efforts; (2) are turning your account over to an attorney; or (3) are going to sue you. But usually, they won't call you again after you request that they don't. If a debt collector does contact you after you request that he stop, you might have the right to sue and collect damages.